With the report of the internet giant Google and Paytm Mall, an Alibaba-backed e-commerce platform joining forces to invest 3,500-4,000 crore for a 7-10% stake in Future Retail Ltd (FRL – controlled by Kishore Biyani), doing rounds on internet, the collaboration is said to compete with Amazon, one of the top e-commerce giants, who had similar plans to acquire stake in FRL. All set to bring a new same-day delivery service named Google Express, a competitor to other e-commerce websites in India, the internet giant is set to provide a medium for e-grocers like Grofers and Bigbasket to push their product via Google Express.
Source: ET Now News
